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How Will Home Automation Market Deal with the COVID-19 Crisis?

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Apr 21, 2020 (The Expresswire) — The global home automation market is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled “Home Automation Market Size, Share and Industry Analysis by Product Type (Luxury, Mainstream, Managed, DIY Do It Yourself Home Automation System), Application (Safety and Security, Lighting, Entertainment, Heating, Ventilation and Air conditioning), Networking Technology (Wired and Wireless) and Regional Forecast 2018-2025”. The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period. It also offers an exclusive insight into various details such as revenues, market share, strategies, growth rate, product and their pricing by region/country for all major companies.

For more information, Get sample pdf @https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/home-automation-market-100074

The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other home automation market trends. The report is available for sale on the company website.

List of Top Key Players Mentioned:

  • ABB Ltd
  • Siemens
  • Crestron Electronics Inc.
  • AMX LLC (Harman)
  • Control4 Corporation
  • Honeywell International Inc.
  • Johnson Controls Inc.
  • Savant Systems LLC.

“Home Automation Market to Grow Rapidly with Rising Demand for Remotely Controlled Devices”

The rising preference towards a better standard of living is one of the primary factors driving the home automation market. This, coupled with rising disposable income especially in developing countries, is encouraging investment in home automation solutions. The growing adoption of smartphones and tablets across the world is likely to escalate the demand for remotely controlled devices, thus driving the home automation market. The adoption of cloud-based solutions is growing at a rapid pace in smart home appliances. This is further expected to act as growth engines for the home automation market over the next few years. Rapid urbanization is another factor leading to a rise in home automation systems. These systems offer better security and safety with technologically sound specifications. This contributes to the growing demand for advanced home automation products such as home automation using Bluetooth.

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